I live in NY, ive seen gas prices jump dramatically the last few months.. We are now $3.00 / gallon, which is INSANE! Is there a believable reason why they are going up? The oil executives not making enough?
2007-04-16 14:08:00 · 8 answers · asked by dave51_1998 4 in News & Events ➔ Current Events
Dave I replied once to your drivel I will reply again. Oil company profit MARGINS haven't have risen significantly. While gross profits are Up, the real gainers in this gas situation is government in the way of gasoline taxes, they don't have expenses for the increase revenues.
I as do many US citizens own mutual funds in our retirement plans. Certain mutuals do contain oil company stocks. I get the financials and the expenses for oils companies are up as well. The cost of exploration, the cost of raw feed stock from over seas, pads the pockets of the Arabs.
Even BP the prime producer of oil in the arctic, doesn't send much to the states. ECO restrictions disallow the US to increase refining capacity, explore areas off shore of Florida, California, in Florida specifically Castro in conjunction with Chavez is drilling and selling feedstocks to US refining at elevated costs, when we should be drilling own.
DO some research. I detest ignorance about an industry that truly drives this country.
2007-04-16 14:54:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The oil executives are the exact reason. Remember the former CEO of Exxon Mobile, Lee Raymond? He retired and got something like $100 million in compensation.
2007-04-16 21:25:35 · answer #2 · answered by Live Forever 2 · 0⤊ 0⤋
i have no idea. I live in Nj and the gas prices are $2.45. They have enough fuel to LAST US THE NEXT 452 YEARS AT THE RATE WE ARE USING IT, and every oil company owner is pretty much a billionaire, my neighbor owns a 4 SUNOCO gas stations, and he went froma 1998 Toyota Camry to a 2007 Mercedes SUV, got his kitchen redone, a home theater, new flooring, new carpets, hard wood flooring, new furniture, does that tell you something?
2007-04-16 21:18:12 · answer #3 · answered by sakhi93 4 · 0⤊ 0⤋
Think it's bad now? Check out the facts of Peak Oil at:
http://www.lifeaftertheoilcrash.net/
2007-04-16 21:50:01 · answer #4 · answered by barefoot_always 5 · 0⤊ 0⤋
The President and his buddies decided they weren't being paid enough so naturally they steal the money right out from under anyone they can. If it involves gas prices it involves
someone with fatter pockets and I'll let you guess who.
2007-04-16 21:17:31 · answer #5 · answered by Williamstown 5 · 1⤊ 0⤋
You think that is bad - try living in the UK !
We are paying approx £0.90 / $1.80 per litre.
There are 3.79 litres in a US Gallon, so (at the current exchange rate) that is $6.82 per gallon !
Fuel (and everything else) is so cheap in the US - you don't know how lucky you are......
2007-04-18 09:03:47 · answer #6 · answered by barefooter73 2 · 0⤊ 0⤋
peak oil, demand nears supply, greed takes hold. These are the good times you will look back on.
2007-04-16 21:16:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋
kansas is $2.77/gal
2007-04-16 21:15:33 · answer #8 · answered by kathie 4 · 1⤊ 0⤋